Usually, term insurance policies offer coverage up to 30 years.
However, you may be able to choose term life for a period of 10, 15, 20, 25 or 30 years of coverage.
If you pass away during the "term" of your policy, your beneficiary receives the death benefit from your insurance, usually free from federal income tax.
If you outlive your term for coverage, your life insurance expires and there is no pay out on your policy.
That's why term life costs a lot less than permanent life insurance.
Learn more about how a term life insurance policy works